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Business & Finance

Swiss Consumer Confidence Down In April

Consumer confidence in Switzerland holds steady in April, mirroring past months' subdued figures.

Swiss Pension Fund Performance Down In March

Swiss pension funds see first performance dip after three positive months, marking an unexpected setback in April 2024.

Sunday 12th: Weekly Round Up

Federal Councillor Amherd is in favour of the 15 billion package, charitable funds for millionaires and the call for more security for Jewish students: This and more can be found in the Sunday papers.

More Credit Suisse Lawsuits: Georgian Billionaire Makes His Claim

Swiss banking giant Credit Suisse, now part of UBS, faces a new legal battle as Georgian billionaire Bidzina Ivanishvili claims CHF 200 million in damages, compounding the bank's previous losses in Singapore and Bermuda.

Credit Suisse Shareholder Lawsuit Rejected: Wrong Court

A significant legal claim linked to the Credit Suisse-UBS merger has been dismissed by the Zurich District Court.

Cartier Luxury Watches Defy Market Downtrend

Amidst a broad decline in luxury watch values, Cartier's classic models buck the trend by gaining in market value.

Landis+Gyr Financial Performance: Full Year Review

Landis+Gyr unveils FY 2023 results with record revenues and strategic investments positioning for future growth.

Swiss Firm, Montana Aerospace: 2024 Q1 Performance

Montana Aerospace AG shines in Q1 2024 with a robust 12% increase in net sales and a notable 61.

Garrett Motion $800 Million Notes After Bad Q1

Amidst a slight downturn in Q1 2024 financials, Garrett Motion Inc. boosts its senior notes offering to $800 million, focusing on financial restructuring.

Swiss Bank Saving Interests Already Dropping

Following a recent reduction in key interest rates by the Swiss National Bank, Swiss banks have begun to revise their savings account rates, showing a mixed response across the sector.

Swiss TradeXBank Removed from US Sanctions List

Swiss bank TradeXBank, formerly linked to Russia's Sberbank, is cleared by the US Office of Foreign Assets Control, resuming USD transactions.

UBS Job Cuts “Not Imminent”

UBS outlines a gradual approach to job reductions following the merger with Credit Suisse.

UBS Makes Big Repayments To The SNB For Emergency Liquidity

UBS makes significant progress by repaying CHF 9 billion of the Emergency Liquidity Assistance, moving closer to settling its financial responsibilities from the Credit Suisse acquisition.

PSP Swiss Property: Strong Earnings

PSP Swiss Property starts 2024 with strong financial growth, surpassing expectations and raising its earnings forecast, promising a profitable year ahead.

Sandoz Q1 Strong Start To The Year With Biosimilars Growth

Sandoz, a Novartis spin-off, kicks off the year with a 5% revenue increase, driven by significant growth in its biosimilars division.

Swiss Media Empire TX Group Layoffs Staff

In a sudden move, TX Group has laid off several back office employees, raising concerns over its management decisions amidst challenging economic conditions.

UBS Achieves $1.76 Billion Q1 Profit: Exceeding Expectations

UBS reveals a Q1 2024 net profit of $1.76 billion, surpassing analyst predictions significantly.

Swiss Pension Funds Perform Well In Q1 2024

Building on last year's momentum, Swiss pension funds record robust early gains in 2024, showcasing financial resilience amid economic challenges.

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